Cyprus default can be the beginning of the collapse of the financial system of Ukraine - oleg Soskin

The situation in Cyprus has colossal political and economic importance for Ukraine. This opinion was expressed by Ukrainian economist oleg Soskin on the air of the Ukrlifetv television channel.

“Ukraine and Cyprus is like Russia and Cyprus are communicating vessels. And the money of clan-corporate groups from Ukraine went to Cyprus, and then returned to Ukraine, like direct investments. Of the 52 billion dollars of direct investment, that over all the years of independence, 37% of investments came from Cyprus. That is, these are the investments of Ukrainian, Russian, and maybe even a little Belarusian oligarchs, ”the expert noted.

“The default of Cyprus, the full blocking of money and the confusion of the leadership of Cyprus is, in fact, the beginning of the collapse of the financial system of Ukraine. If the money is paralyzed there, then the paralyization of money in Ukraine will begin. The connection here is simple: money is blood that moves through bank vessels. Two systems - Cyprus and Ukraine - are interconnected. The money was constantly moving: from Ukraine - to offshore, and from Cyprus - to Ukraine. Now this blood circulation is blocked by a thrombus from the side of Cyprus, and now nothing is moving from here or there. And the Ukrainian banking system cannot but move, it is already in the last breath, ”oleg Soskin believes.

He also denied the thesis that now Ukraine can expect an influx of investment by the oligarchs who will decide that it is more reliable to invest in their country directly.
“How to invest them if the power is in power - a family, the three -headed Mezhigorsky dragon? Who will carry the money to this dragon? " - the expert asks.

To the remark of the presenter, that neither the European Union nor Russia give money to Cyprus, oleg Soskin noted:
“Money should move if they do not move - they die. The system moved, huge corporations worked, money was constantly hiding ... in Cyprus, in other places, and then they returned to Ukraine. Money came here as working capital for the activities of companies, and suddenly everything stopped from the other side. Then we need to create new channels, we must have time to withdraw this money from Cyprus, and it is impossible to withdraw, because in Cyprus everything is blocked and the Cyprus government has not yet made any decision. In such situations, it is necessary to act very quickly as the Greeks, Portuguese, Spaniards acted. The main thing is not to stop. This is like a domain furnace where the molten metal remained. If it stops, then you need to disassemble the entire stove. The same thing is happening now with the banking system of Cyprus. ”

“Cyprus was the third in the ranking from countries with the risk of default, and Ukraine was the fourth. The second is Argentina, and the first is Greece. And at the end of 2013, rating agencies reduced the credit rating of Ukraine to “B3”. There is nowhere below, below the Credit rating “C” is already beginning, and the rating “C” is just a garbage hole. If we